NM
Lt. Sweet Crude Oil futures up $2.00 to $59.71!
Started by
Bob-C
, Feb 08 2007 03:07 PM
4 replies to this topic
#1
Posted 08 February 2007 - 03:07 PM
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.
#2
Posted 08 February 2007 - 03:33 PM
Yep, for those who are bored with the stock market, the crude oil market is unbelievable. Down $2 a barrel yesterday, up $2 today. That's $2K or so per contract (CL), each way.
IT
#3
Posted 08 February 2007 - 03:50 PM
Consider what would happen when the funds have to shift their weightings to the new
S&P Commodity Index. Unleaded gas in the GSCI is weighted at 2.3 percent. See
the following link for component weightings in the S&P commodity index.
http://en.wikipedia....ings_.282006.29
S&P Commodity Index. Unleaded gas in the GSCI is weighted at 2.3 percent. See
the following link for component weightings in the S&P commodity index.
http://en.wikipedia....ings_.282006.29
#4
Posted 08 February 2007 - 04:20 PM
Consider what would happen when the funds have to shift their weightings to the new
S&P Commodity Index. Unleaded gas in the GSCI is weighted at 2.3 percent. See
the following link for component weightings in the S&P commodity index.
http://en.wikipedia....ings_.282006.29
Interesting. Do they have to shift to the S&P weighting? I do notice that Crude is 30.66% in the GSCI. And another 14.45 for Brent. That's versus 11.41% in the S&P Index. Unleaded rises, but these Crude weightings really stand out.
Any idea when these shifts take place?
Thanks for bringing this up.
IT
#5
Posted 08 February 2007 - 04:31 PM
Hi Data and IT, thanks for the information and comments.
Good luck on your trades.
Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.